Employee Relocation Services for Business

Getting Back To Basics – and Increasing Profitability

If you are a CEO or business owner in the Bay Area, you know the business climate in California is changing, and providing many new challenges.

These challenges include:

  • Rising taxes
  • Complex regulations and red-tape
  • High cost of living for employees
  • Competitive labor market and labor shortage
  • High labor and healthcare costs

For these reasons many business owners are considering moving their Corporate HQ or establishing a satellite location outside of California

*Top ten states that gained the most from California business relocations:

Why Location Matters

Businesses commonly cite five main reasons for moving:

  • Labor and work force issues
  • The desire to reach new markets
  • The need to upgrade facilities or equipment
  • The desire to lower costs or increase cash flow
  • Considerations about quality of life.

Employees also have their own reasons for considering leaving California. In fact, many employees in the Bay Area are actively looking for jobs out of state.

*Top ten municipalities gaining company migrations from California:

How We Can Help

If you are considering moving your business out of California, one of your biggest concerns may be retaining your key employees and ensuring they are on-board with the move. By communicating and providing a full-spectrum of relocation services to your employees, you are helping them to “buy-in” to your vision, and helping to make their family’s decision an easier one. The good news is, you don’t have to have an in-house relocation department, or task your HR director with the details. By partnering with LeavingTheBayArea.com, you can now offer these relocation services to your employees:

  • Discovery consultation and planning
  • Educational resources and data
  • Area tours and home finding trips
  • School location assistance
  • Home selling and home buying services
  • Mortgage financing assistance
  • Moving/Transportation services
  • Pack/Unpack/Storage services
  • Utility and connection services (cable, electrical, gas, internet, phone, home security, etc)
  • Mail forwarding

*Top ten California counties losing the most companies:

Ways to Structure Relocation Assistance

There are several ways to handle relocation assistance funds for your employees. Here are a few common ones:

  • Lump Sum A predetermined amount of money for relocation expenses given directly to the employee. Since this can be counted as income, employers usually “gross up” this amount to adjust for taxes
  • Reimbursement Employee pays upfront costs and is reimbursed. Amount is capped, and expense reporting is done by employee
  • Direct Billing Employer directly pays service providers to cover relocation-related expenses

*Top ten nations attracting California businesses:

If you are considering relocating your business out of the Bay Area, call us for a no-cost

consultation and assessment. Your inquiry is completely confidential.

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*Spectrum Location Solutions LLC study
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